 And then they were wrong, and my household income got cut, and I couldn't afford groceries. And the guy said, hey, your new plan, it's going to be gang, but it's going to be great. Would you use those guys? Of course you wouldn't use them. Interest rates have jumped since then, much to the detriment of prospective homebuyers and those buying and planning large expenditures on autos, home appliances, schools, and college tuition. The interest rate on 30-year mortgage has more than doubled since that letter was written, from 2.8% to above 7% today. The prime lending rate increased.